BBC: The US is set to take "unprecedented measures" to tackle the crisis gripping US financial markets, President George W Bush has said.
But he warned the moves, which include spending of billions of dollars to buy up bad debts, would risk "a significant amount" of taxpayers' money.
Legislation for the plan will be pushed through as soon as possible, Treasury Secretary Henry Paulson said.
The US took action after a week of turmoil on global money markets. Bush Hails Financial rescue Plan >>> | September 19, 2008
BBC:
McCain Criticizes Bank Assistance: US Republican presidential candidate John McCain has said he is against the state bailing out struggling banks and financial companies.
Mr McCain said the US Federal Reserve should get back to its core business of managing money supply and protecting the strength of the US dollar.
His comments came as the US treasury secretary announced a bank rescue plan. >>> September 19, 2008
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